OQAL is the first angel investor network in Saudi Arabia, founded in 2011 on the initiative of Fares Alrashed. It connects entrepreneurs with angel investors, and completed 13 deals worth more than SAR 7.6 million in 2025.
About OQAL
OQAL describes itself as an endowment (waqf) founded by young businesspeople and angel investors, and its name combines the words “minds” and “money”. It receives applications from startups and presents the selected ones to its members, and with the Saudi Venture Capital Company it runs the co-investment program with angel investors at the seed stage. In 2021 it launched “OQAL Note”, a Shariah-compliant instrument for early-stage financing. According to its 2025 report, 50 new angel investors joined during the year.
A nonprofit organization according to the 2025 impact report. Co-investment program with SVC: SVC contributes up to 1:1 alongside angel investors who are OQAL members, with round sizes from SAR 100,000 to SAR 7.5 million, for Saudi-based companies. Member numbers (more than 200) are from the 2023 directory.
What it invests in
- Stages
- Seed
- Sectors
- All sectors
From its portfolio
Team
- Faris AlRashedFounder & Chairman